Wharton-Smith Foundation Inc
- Assets
- $2.1m
- Revenue
- $236.6k
- Investments
- $1.7m
- Employees
- 0
- Location
- Sanford, FL
- Founding
- Data as of
- 12/2022
- EIN
- 85-1227279
Organization Overview
Wharton-Smith Foundation Inc is located in Sanford, FL. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wharton-Smith Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Wharton-Smith Foundation Inc generated $236.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $155.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Smith President | 1 | $0 | |
Ron Davoli Secretary | 1 | $0 | |
Stephanie Pompeo Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $341,470 |
| Interest on Savings | $7,905 |
| Dividends & Interest | $37,902 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$150,706 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $236,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,330 |
| Total operating and administrative expenses | $24,507 |
| Contributions, gifts, grants paid | $131,000 |
| Total expenses and disbursements | $155,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $405,867 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $17,254 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,096,431 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Wharton-Smith Foundation Inc has awarded $131,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL FLORIDA FOUNDATION PURPOSE: CHARITABLE DONATION | $25,000 |
INDIAN RIVER STATE COLLEGE FOUNDATI PURPOSE: CHARITABLE DONATION | $30,000 |
FLORIDA GULF COAST UNIVERSITY PURPOSE: CHARITABLE DONATION | $6,000 |
UCF FOUNDATION INC PURPOSE: CHARITABLE DONATION | $70,000 |